Managing a trade is not as easy as many traders make it out to be. It requires accurate and detailed forecasting of market conditions, as well as substantial financial and managerial skills. However, only if a trader has these skills will he be able to successfully manage the inherent risks associated with trading.
The ability to handle conflicts on a trading floor often makes or breaks a trade. If a trader has to stop all trades because of a minor disagreement between other traders, the profits are likely to be greatly diminished. Yet, there are also times when a small conflict can lead to a volatile market situation that could put a trader out of business. To keep ahead of this volatile behavior and to preserve market share, a trader needs to have the right conflict management plan in place.
HBR Case Solutions from HBR Corporation focuses on dealing with different types of conflict on a trading floor. They provide cases to illustrate how different traders have managed and dealt with conflicts on a trading floor. Using the HBR Case Solutions, traders can better understand how to manage conflicts on a trading floor.
The HBR Case Solutions discusses two of the most common types of conflicts among traders. First, they discuss two types of conflicts: unforeseeable and predictable. When dealing with unpredictable conflicts, a trader may be forced to stop all trades in order to adjust to the changing market conditions.
On the other hand, traders are advised to deal with predictable conflicts. A trader can reduce the risk of these conflictsby following a detailed and accurate forecast of market conditions. Also, if the trader does not intend to take immediate action on the conflict, then he can decide to avoid possible negative ramifications by investing in valuable time.
In addition to the HBR Case Solutions, the author of the Case Study Help from HBR Corporation provides an outline of common scenarios that commonly arise on a trading floor. This overview includes identifying what type of information is needed, how to acquire that information, and how to resolve conflicting information when it is available. The outline also outlines how to treat the information in terms of technical analysis versus fundamental analysis.
When a trader is interested in using Case Study Helps from HBR Corporation, he can buy a case for a single trade or purchase one of the cases that are presented in all cases. A trader can also buy a case that includes several cases that pertain to a single trade. Each case in the case sets the stage for the case that follows.
After purchasing a case from HBR, the trader has one week to use the case. He or she is able to review each case individually and answer all of the questions provided. After using a given case for a week, the trader can use Case Study Helps from HBR to get help with the next case in the case set.
For a single trader who is interested in buying a case, Case Study Helps from HBR will include a note of how many traders are in the case and who they are. There is also a summary of how many cases have been used in the case. There is also a complete outline of the cases for each day.
For a trading firm interested in purchasing the Case Study Helps from HBR Case Solutions, the trader will receive all of the same information that is found in the case. He or she will receive the same brief description of the case and will receive an overview of all of the cases that were used in the case set.
HBR Case Solutions is an excellent resource for both traders and firms that need to understand how to resolve conflicts among traders on a trading floor. They provide case studies and provide useful explanations on how to handle conflicts, and their potential impact on profit and loss. While the author does not recommend that traders acquire any specific software, HBR Case Solutions provides a valuable resource that is also available for free.